Pre-IPO Fund

Advantages of Pre-IPO project investment: short investment cycle

	PARTNER OF CHOICE FOR OPPORTUNITIES FROM CHINA'S INTERNATIONALISATION		STOCK CONNECT WITH ACCESS TO MAINLAND CHINA INVESTORS FUNDED JUMBO IPOS
	DIVERSE AND GLOBAL INVESTOR BASE		INTERNATIONAL CORPORATE GOVERNANCE STANDARDS
	HEALTHY AND ROBUST SECONDARY MARKET		INTERNATIONAL CORPORATE GOVERNANCE STANDARDS
	FRAMEWORK FOR CORNERSTONE INVESTORS		SOUND REGULATORY REGIME
	TRANSPARENT PROCESS		WELL ESTABLISHED LEGAL SYSTEM

Decision process

Project acquired

Set up project committee

Clear focus

Internal committee

Investment committee

Fund investment decision committee

Risk sharing, risk control

First protection

Hua liang and its related parties will participate, with same share same right, to achieve a win-win situation.

6 confident levels

① Bank custody: commercial bank custody to ensure the safety of funds;

② Scientific decision-making: Strict implementation of the investment and risk control committee approval system;

③ Mature project: Pre-IPO companies are mostly mature projects, which are more standardized after brokerage, accounting and lawyer counselling;

④ Reasonable pricing : strictly control the investment price at no more than 10 times PE;

⑤ Investment protection: Fully involve in business operation to assure IPO exit;

⑥ Exit: Distribute returns after exit;